JD.com ADR Stock News

It's not just Chinese companies that will be eagerly awaiting an announcement on stimulus.

BEIJING, Oct. 31, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited third quarter 2024 financial results on Thursday, November 14, 2024, before the U.S. market opens.

Since Aug. 31, a key China ETF has surged 22% through Monday's action.

Chinese stocks are dirt cheap, but are they a buy?

Euphoria has faded somewhat since new stimulus was announced a month ago.

JD.com remains a buy due to expected revenue acceleration, margin expansion, and strong EPS growth, despite the stock's recent increase. Revenue growth will be driven by macro environment improvements, recovery from past actions, and 3P & general merchandise market expansion. JD is still undervalued, with the market pricing it as if it will shrink, making it an attractive investment.

Despite recent stimulus concerns, Chinese stocks remain undervalued compared to U.S. stocks, presenting a significant investment opportunity. Market obsession with stimulus measures is unhealthy; focus should be on long-term benefits from lower rates and economic fundamentals. Chinese stocks like Alibaba are unfairly punished; the disconnect between company performance and stock price offers va...

Investors are less confident over whether stimulus can lift the Chinese economy out of its slump.